Pre-Production techniques for the creative media industires: Finance Task 2

Unit 1: Pre-production techniques for the creative media industries

Finance: Task 2

Self-Funding:

Self-funding is making and financing a game by yourself, and then pay for it to be put on Steam Greenlight and consoles.

Advantages:

·        Rewards can be very good

·        Indie games can be easier to do

·        If good enough, publishers will want to publish it

Disadvantages:

·       Game might not sell well enough and no one will publish it

·       Costs a lot to put it on a console and Steam

Indie funding:

Most indie-funded games are self-funded and is usually made in a person’s free time.

Advantages:

·       If first game sells, then you can spend your time making a second game

·       The Indie Fund is a funding source to help independent game developers

Disadvantages:

·        If first game doesn’t sell, then you have to carry on working  part time working on the game  in your free time

                                                         

     Example of a game help published by "The Indie Fund"

Crowd Funding:

Crowd funding is when you suggest an idea, then, if people online like your idea, then they will help fund it by sending in money.

Advantages:

·        A lot of people might help fund your game

·        The more people who fund, the more people might buy it

Disadvantages:

·       If enough people have funded your game, then you have to make it or else you could face a lawsuit

·        You might not be able to get enough people to fund you and you can’t release your game

Grants:

Funding can be used via grants, no fee to pay and you can publish a game whenever.

Advantages:

·        You can publish however

·        Use funds without any restrictions

Disadvantages:

·        People might not buy your game

·        If you are loaned more than usual, you might have to pay them back

Publisher:

If you can’t fund a game yourself, then publisher funding is an option for larger games.

Advantages:

·        Publisher may sign you if you have a good demo, good team and good presentation

·        They take financial risks

Disadvantages:

·        If you don’t have any industry experience, the chances are reduced

·        They own your game

·        They might partially own your company in return for cash